Quotes on Significant Events

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

The Four Horsemen whose Ride presages the end of the world are known to be Death, War, Famine, and Pestilence. But even less significant events have their own Horsemen. For example, the Four Horsemen of the Common Cold are Sniffles, Chesty, Nostril, and Lack of Tissues; the Four Horsemen whose appearance foreshadows any public holiday are Storm, Gales, Sleet, and Contra-flow.

From a long view of the history of mankind, seen from, say, ten thousand years from now, there can be little doubt that the most significant event of the 19th century will be judged as Maxwell's discovery of the laws of electrodynamics. The American Civil War will pale into provincial insignificance in comparison with this important scientific event of the same decade.